#gdp-growth

#gdp-growth

Gross domestic product (GDP) growth was 1.3% in 2025, driven by investment and government consumption. Private consumption growth was weak last year, while net trade weighed on growth. Growth in the fourth quarter of last year was driven by the production sector, which saw strong outturns earlier in the quarter. Services showed no growth while construction saw the largest quarterly contraction since mid-2021.

Consumers, voters, are very angry about inflation. They don't like it. I think that explains a lot of the 2024 election results and the 2025 campaigns as wellInflation by some measures ticking down a little, but still stubbornly near that 3% area, roughly where it was when President Trump took office. So, I think that's a disappointment for consumers. I think the answer to that is productivity and growth, and the Federal Reserve restraining the growth of the money supply.

So just think, the whole world out there in the third quarter, the United Kingdom grew .1. The European Union group, .4, and Japan fell .6%, fell .6%. Donald Trump's economy grew, the United States of America, the biggest economy in the world, 4.3%. What that means is that Americans overall all of us are going to earn 4.3% more money. We're making a raise. It's a simple way to do it.

AP Photo/Manuel Balce Ceneta President Donald Trump took a victory lap over and credited his tariff-heavy trade policy for the promising economic news announced on Tuesday. According to the Department of Commerce, the economy grew at an annualized rate of 4.3% between July and September, a two-year quarterly high. It also easily outstripped the 3.2% growth rate forecasted by economists polled by The Wall Street Journal, which provided additional context on the data: The data show the economy growing

Meanwhile, the news from consumers is more mixed. The University of Michigan's consumer sentiment survey last week showed a 53.3 reading, up 4.5 percentage points sequentially from November but down 28 points year over year. That's not necessarily good news, but it may help to give the Federal Open Markets Committee political cover to lower interest rates at its next meeting, as it's forecast to do on Wednesday. This would please the stock market - a second reason for the Voo to be up this morning.

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The economists who make these calls would eventually conclude that there was a short recession in 2001, but it was a curious kind of recession - and at best a borderline call. GDP never fell for two consecutive quarters. GDP was narrowly up (0.2%) in 2001 and returned to solid growth in 2002. The GDP slump was caused by a collapse in investment in telecommunications equipment.

What is the current shutdown's expected economic impact? The CBO estimate says the federal spending delay will produce short-term economic losses - largely in the fourth quarter of 2025 - that will mostly be recouped during the first quarter of 2026, assuming the shutdown ends by then. CBO projected how much the shutdown would hamper U.S. economic growth per quarter, adjusted for inflation and multiplied by four, to convert a quarterly figure into an annual one.

Its GDP growth rate of almost 3% in 2024 put it ahead of the overall EU rate of 1%, as well as the bloc's two largest economies France and Germany. France recorded a rate of 1.2% while Germany suffered a -0.2% contraction. The signs for 2025 are also positive. Poland recorded growth of 0.8% in the second quarter, the fifth best rate in the EU.

Ontario's economy is going to continue to slow this year as U.S. tariffs reduce demands for exports and businesses cut back on investments and hiring, a new report estimates. The province's real GDP growth is projected to slow to 0.9 per cent this year and 1.0 per cent next year due to the impact of U.S. tariffs, says the report from the Financial Accountability Office of Ontario (FAO), released Wednesday.

Bessent criticized the weak jobs data released Friday, extending recent administration claims that the numbers aren't correct and haven't been collected properly. (Trump fired the commissioner of the Bureau of Labor Statistics after the August report, and said without evidence that the BLS rigged the data against him.) "President Trump was elected for change, and we are going to push through with the economic policies that are going to set the economy right," Bessent said. "I believe by the fourth quarter we are going to see a substantial acceleration."

Researchers at Pantheon Macroeconomics found that AI-related spending accounted for a 0.5 percentage point difference in annualized GDP growth for the first half of the year.

Rising energy, labour, and supply costs, coupled with higher taxation, continue to erode margins for businesses in the night-time economy.

China's GDP grew 5.2% in April to June, ahead of analysts' expectations of 5.1%, showcasing resilience amid ongoing trade tensions with the U.S.

One major drag is Russia's exorbitantly high interest rate, currently 21%, which is choking off private investment. The auto industry and mechanical engineering sectors are particularly hard hit.

Since its full-scale invasion of Ukraine in 2022, Russia has confiscated nearly 3.9 trillion rubles, equivalent to approximately $50 billion, from 102 private assets.

Bret Baier mentioned the economic contraction concerns while discussing President Trump's claims about the new trade agreement with China, emphasizing its incompleteness.